Type: Bearish Momentum
Resistance: 21.325
Pivot: 19.970
Support: 17.495
Preferred Case: The H4 price is below descending trend with prices trading below the ichimoku . The price may drop form the pivot at 19.970, where overlap resistance and 38.2% fibonacci retracement are to the support at 17.495 where the swing low sits
Alternative scenario: If there is a price reversal, it might test the 1st resistance at 21.325, where the swing high and 38.2% fibonacci retracement sits
Fundamentals: There are no major news.
Resistance: 21.325
Pivot: 19.970
Support: 17.495
Preferred Case: The H4 price is below descending trend with prices trading below the ichimoku . The price may drop form the pivot at 19.970, where overlap resistance and 38.2% fibonacci retracement are to the support at 17.495 where the swing low sits
Alternative scenario: If there is a price reversal, it might test the 1st resistance at 21.325, where the swing high and 38.2% fibonacci retracement sits
Fundamentals: There are no major news.
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